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Businesswire - Latest News [Page 230]
Milk powder price snaps two-month gain at auction
Wednesday, 13 May 2009, 10:34 am | Businesswire
May 13 – The price of milk powder fell 4.1% in Fonterra Cooperative Group’s online auction, the first decline after two months of gains, suggesting the recovery in global prices may be at a more sedate pace. More >>
Stocks to watch: Kiwi Income, oil gain, Oyster Bay
Wednesday, 13 May 2009, 10:02 am | Businesswire
May 13 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: US trade gap, oil gain
Wednesday, 13 May 2009, 8:30 am | Businesswire
May 13 – The U.S. trade deficit widened for the first time in eight months in March as exports dropped while oil imports climbed, slowing the decline in overall imports. More >>
NZ housing may have hit bottom as prices revive
Tuesday, 12 May 2009, 9:08 pm | Businesswire
May 12 – Residential housing may have reached the bottom of its cycle after prices rose for a third straight month and the properties took less time to sell, according to the Real Estate Institute More >>
MARKET CLOSE: NZX 50 falls a 2nd day; Telecom down
Tuesday, 12 May 2009, 7:09 pm | Businesswire
May 12 – New Zealand shares fell, pushing the NZX 50 Index lower for a second day, amid concerns optimism that the world has past the worst of its economic slump may be premature with stocks having rallied too hard given the ongoing recession. More >>
Nearly 38,000 NZ firms at risk of failing: D&B
Tuesday, 12 May 2009, 4:46 pm | Businesswire
May 12 – Nearly 38,000 firms are rated a higher risk failure and a further 44,000 are likely to severely fall behind in the payment of their trade accounts, according to a Dun & Bradstreet report. More >>
Air NZ long-haul passenger drop extends into April
Tuesday, 12 May 2009, 3:48 pm | Businesswire
May 12 – Air New Zealand Ltd.’s long-haul passenger volumes extended their slump into April led by an 18% decline in numbers on routes through Asia, Japan and the U.K. More >>
Waterview tunnel too expensive, says Joyce
Tuesday, 12 May 2009, 1:52 pm | Businesswire
By Paul McBeth May 12 – Transport Minister Steven Joyce has ruled out the twin-tunnel option for the Waterview Connection to complete Auckland’s Western Ring Route as too expensive. A final decision on the route will be announced by the New Zealand ... More >>
Allied Farmers to split its rural and business ser
Tuesday, 12 May 2009, 11:15 am | Businesswire
May 12 – Allied Farmers Ltd., a rural services and finance group, announced it will separate its rural business into a wholly-owned subsidiary from July this year. More >>
Stocks to watch: Telecom’s rivals, Pike River
Tuesday, 12 May 2009, 9:51 am | Businesswire
May 12 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar falls as Wall St snaps rally, banks fall
Tuesday, 12 May 2009, 9:37 am | Businesswire
May 12 – The New Zealand dollar fell from a six-month high as Wall Street snapped its rally on increasing signs General Motors is heading for bankruptcy, sales of new stock by banks and as some investors sold down their holdings after the recent ... More >>
While you were sleeping: Wall St retreats
Tuesday, 12 May 2009, 8:30 am | Businesswire
May 12 – Shares on Wall Street and in Europe fell, led by financials and resource companies, as some investors deemed banks expensive after the recent surge and price of crude oil and metals eased. More >>
MARKET CLOSE: NZX50 falls, Telecom drops 4%
Monday, 11 May 2009, 6:14 pm | Businesswire
May 11 – New Zealand’s NZX 50 Index snapped a five-day rally as a surge in the kiwi dollar eroded offshore appetite for New Zealand shares. Telecom Corp., the biggest company on the index, dropped 4%. More >>
Sentiment soars in latest BNZ confidence survey
Monday, 11 May 2009, 5:22 pm | Businesswire
May 11 – Confidence has soared in the latest survey of 18,000 readers of the BNZ Weekly Overview, as global optimism rebounded, equity markets rallied and economic data in the U.S. and Australasia was better than expected. More >>
Postie Plus shares jump 27% on higher Q3 sales
Monday, 11 May 2009, 2:11 pm | Businesswire
May 11 – Postie Plus Group shares jumped 27% after the clothing and babyware chain part-owned by Kathmandu founder Jan Cameron posted a gain in third-quarter sales and said its margins widened. More >>
NZ Dollar Outlook: Kiwi buoyed by global optimism
Monday, 11 May 2009, 12:40 pm | Businesswire
May 11 – The New Zealand dollar may rise this week as confidence grows that the global economic slump has bottomed, stoking enthusiasm for high-yielding, or riskier assets. More >>
NZ electronic card transactions at retailers climb
Monday, 11 May 2009, 12:17 pm | Businesswire
May 11 – New Zealand spending on debt and credit cards at retailers rose for a third month in April, stoking optimism consumers may be feeling less gloomy about their prospects. More >>
NZ property values show hint of stabilisation: QV
Monday, 11 May 2009, 10:34 am | Businesswire
May 11 - New Zealand property values fell 9.2% last month, a slight improvement from the previous month’s 9.3% decline, suggesting the recession-induced slide is abating. More >>
NZ dollar hits 5-month high on US jobs data, banks
Monday, 11 May 2009, 9:51 am | Businesswire
May 11 – The New Zealand dollar rose to more than 60 U.S. cents, reaching a five-month high as investors’ appetite for risk was stoked by better-than-expected U.S. jobs data and after the so-called stress tests found the U.S. banking system to be stronger ... More >>
Stocks to watch: NZX rights issue, Telstra. Nuplex
Monday, 11 May 2009, 9:43 am | Businesswire
May 11 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
